Former Sports Radio Host Convicted in Fraud Case, Gambled Away Investors Funds

Written by:
Associated Press
Published on:
Nov/08/2018

NEW YORK (AP) — Craig Carton, the former co-host of a sports radio show with ex-NFL quarterback Boomer Esiason, emerged from a courthouse where he was convicted of fraud Wednesday to say he was disappointed with the verdict, though he respected it.

"I need to let it sink in now," Carton said. "I'm going to go home and hug my kids and let my lawyers deal with the rest of it.”

His lawyers said they planned to appeal the Manhattan federal court jury verdict. Sentencing was set for Feb. 27 on charges of conspiracy, wire fraud and securities fraud. Though the charges carry a potential penalty of 45 years in prison, any sentence was likely to be far less than that.

The verdict came after five hours of deliberations that began Tuesday.

Carton, 49, of Manhattan, was Esiason's on-air partner for years on WFAN's "Boomer and Carton" show. He left the program after his arrest last year.

He was accused of swindling investors in a ticket reselling business.

Prosecutors said he spent investor money on personal expenses, including gambling debts and landscaping bills.

U.S. Attorney Geoffrey S. Berman said after the verdict that Carton enticed investors by touting his show business contacts and his ability to score seats to live events, including Metallica and Barbara Streisand concerts, saying he could grow their investments by reselling premium tickets.

"As a unanimous Manhattan jury has found, Carton was all talk," Berman said in a statement.

Berman said Carton fabricated contracts for blocks of tickets and spent almost $7 million he collected from investors on himself. The prosecutor said the jury saw through "Carton's blatant lies" and held him responsible for a Ponzi-like scheme.

Carton's lawyers argued during a week-and-a-half long trial that Carton was no crook and that he was victimized by his former business partner, Joseph Meli.

Meli was sentenced to 6 1/2 years in prison earlier this year after pleading guilty in a $100 million ticket reselling business fraud.

The former co-host of WFAN's "Boomer and Carton" show didn't visibly react as the verdict was announced.

"I'm obviously disappointed with the verdict today," Carton said shortly after he walked out of the courthouse. His lawyers had said he did not plan to say anything.

"I respect it," he also said of the jury's decision.

After Carton's arrest, Esiason told the Boston radio team of Toucher & Rich morning that he was "lost and kind of a little bit heartbroken over the whole thing."

In a statement at the time, Carton promised that "when this strange episode is over, I'll be back, stronger than ever."

Gambling News

There's a Bright Spot in Rhode Island's Beleaguered Sports Betting Market After All

There's a Bright Spot in Rhode Island's Beleaguered Sports Betting Market After All

Rhode Island sportsbooks had their best month yet in March, thanks to bets from college basketball fans.

Former Nebraska Attorney General: 'No Place for Online Gambling in US'

Former Nebraska Attorney General serves as legal counsel for Coalition to Stop Internet Gambling

First Ever SBC Betting on Sports America Kicks Off Today

First Ever SBC Betting on Sports America Kicks Off Today

The first ever Betting on Sports America comes to the New Jersey Meadowlands this week and Gambling911.com will be there.

Indiana Sports Betting Bill Would Include Mobile - Opponents Say Easy Access for Minors

Sports betting will be allowed by using mobile devices in Indiana under an expected agreement in the state Legislature on a wide-ranging gambling bill.

Can I Play on Monkey Knife Fight From My State?  Not in California, Texas, New Jersey, More

Can I Play on Monkey Knife Fight From My State? Not in California, Texas, New Jersey, More

Ever since we began profiling all the rage in hybrid fantasy sports games, Monkey Knife Fight, the inquiries have been through the roof here at Gambling911.com.   But not all of you can enjoy this fun prop battle.

Syndicate